All i see now is cheap bitcoin waiting to be bought, especially now that the Chinese giant is waking from its slumber...

You say this is a test, the test has not finished. When it gets obvious that it recovers, you won't get a chance to get in, it will be too late.

The global economy might or might not recover as quick as bitcoin, but it doesn't matter, they are not really linked. I'm guessing many people were selling to buy other things, that won't need anymore once the virus is gone.

If you want an answer to the question, then the answer is no. Plenty of people worldwide consider bitcoin too useful to let it pass. And China, the first country that went to sleep, is now the first to wake up...